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20130115
20130123
Search Results 0 to 14 of about 15 (some duplicates have been removed)
KCSMMHZ
Jan 15, 2013 2:30pm PST
. >> on to business news now, the german economy contracted in the final quarter of last year as the eurozone crisis took its toll, but europe's biggest economy still managed to post modest growth of 0.7%. >> that may not sound like much, but it is more than you expect from most eurozone economies. >> the eurozone crisis has not been able to dampen the mood among eurozone consumers. they are still hitting shops and helping the economy grow modestly. >> despite big increases in the cost of energy, raw materials, and oil, private consumption is up. that is the first reason. the second is that the german economy remained competitive last year despite a weaker environment, and that has given exports a boost. >> exports are the backbone of the german economy. they continued to grow last year, albeit at a slower rate. companies are proceeding with caution. they are cutting investment amid uncertainty about what the new year will hold, especially for the eurozone. in 2011, the german economy grew by 3%. that figure dropped to 0.7% last year. the economy even contracted in the final quarter. the government
KCSMMHZ
Jan 16, 2013 2:30pm PST
a gun laws is getting more pronounced. >> thanks very much from washington. will the german economy continued to slow? more on that later in this program. >> first, here's a look at some other stories making news. >> russian court has denied a request for leniency from a member of the punk band pussy riot. one member has sought a deferral of her presence sentence until her 5-year-old son turns 14. she was convicted of hooliganism after a protest during services in moscow church. >> the taliban have claimed responsibility for a suicide attack targeting the afghan intelligence agency. officials said two guards were killed when the bomber who blew up his car in front of the country's headquarters -- the interior ministry says security forces shot dead four other attackers. >> in iraq, more than 30 people have been killed in a series of attacks that appear to have targeted kurds. two car bombs exploded. one of them blew up outside a kurdish political party office. a third in a nearby town. >> the two biggest airlines have found their entire fleets of boeing 7873liner -- 787 dreamliners.
KCSMMHZ
Jan 22, 2013 6:00am PST
the role of the government in revitalizing japan's economy. it describes how politicians should promote growth and restore fiscal health. along with drafting the joint statement, boj officials have agreed to introduce open-ended asset purchasing. under a new program from january 2014 the central bank will purchase a certain amount of financial assets every month. no termination date is being set for the scheme. the new measure will expand the total size of the asset purchase program, or app, by about 10 trillion yen, or $110 billion, in 2014. the program is expected to be maintained in the future. following the boj meeting, central bank governor and the finance minister aso reported on the release of the joint statement to prime minister abe at his office. >> translator: the government strongly hopes the bank of japan will continue to promote a strong monetary easing policy in order to achieve the goal. >> translator: the bank of japan believes it is important to realize sustainable growth by overcoming deflation at an early stage and achieving price stability. it is vital to strengthen
KCSMMHZ
Jan 22, 2013 2:30pm PST
great economies, france and germany. they have been friends for 50 years. >> after centuries of conflict, they culminated in two world wars. speaking at a news conference in berlin, german chancellor angela merkel and french president francois hollande talking about that. >> they promised to unveil proposals in the coming months and it is a big step forward dr. became to power pledging to reverse the plans that merkel had championed. >> it is the first time these bundestag has had a full parliament from another country here. the french president, hollande, recalled the original spirit leading to the historic relationship. >> young people are not only our future but also the reason for the policies that we are pursuing. >> young people in both of our countries have the uncomfortable good fortune that they have never had to experience in it. but peace and democracy. >> he also addressed the economic crisis in europe and chancellor merkel followed suit. she stressed it is necessary. >> what have we learned from 50 years of franco-german friendship? our greatest problems can be solved when w
KCSMMHZ
Jan 15, 2013 6:00am PST
a way to fuel its rapidly growing economy. about 300 government and corporate officials met in the capital and talked about the advantages and challenges of introducing nuclear power plants. malaysian and indonesian officials say power remains the main option for growing economies with high energy demands and say this is in spite of strong public opposition after the fukushima disaster. they both guarantee the safety of nuclear energy. the administration is working on transforming the energy policies. the trade minster said the country will export nuclear infrastructure after ensuring that it's safe. >> translator: japan has accumulated technology and human resources related to nuclear power. we would like the chance to put these to use. meeting partners's request and safety will be the major premises of this effort. we want to keep exporting our nuclear power infrastructure. >> japan has been promoting exports of the generation facilities even after the disaster in fukushima. the previous administration led by the democratic party signed pacts with countries such as vietnam
KCSMMHZ
Jan 17, 2013 2:30pm PST
, the campaign rhetoric is getting hotter. reporting on the condition of germany's economy, the economics minister was keen to take as much credit as possible for record employment numbers, rising income, and falling debt. >> it is no accident that our economy is in good shape. it is no accident that new jobs are being created every day. they were created by the efforts of the german people, but they were also created by this governing coalition from >> but the opposition social democrats promptly pounced on the economics minister's claims. >> if you had anything to do with economic growth, then you have heard growth even more than you have hurt your own party's election results. >> the man who hopes to take chancellor merkel's job later this year accused her of failing to recognize the dangers of an unrestrained financial system. >> for too long, the government has tried to pretend it is all just a debt crisis of other individual countries, but that is only part of the story. now the truth is going to hit you in german taxpayers where it hurts. >> merkel and her cabinet are now hoping ec
KCSMMHZ
Jan 16, 2013 6:00am PST
economy was hit by the global financial crisis. china's commerce ministry spokesman told reporters on wednesday that the country's foreign direct investment fell 3.7% to over $110 billion, compared to the previous year. the decline is due to the slowdown of the global economy, stemming from the european debt crisis. the country's rising labor costs also reduced the merits of setting up factories there. another factor, the sluggish pace of investments from japan. bilateral relations soured over the disputed islands in the east china sea. analysts say china needs to improve investment environment to boost foreign capital, which the country's leaders believe is indispensable for stable economic growth. >>> japan's two major oil firms together with a state-backed bank, will set up a joint company to run large scale power generation or mega solar facilities. executives of cosmo oil, showa shell sekiyu and development bank of japan group will create the new company at the end of the month. each of the three entities will invest in the eight mega facilities nationwide. they hope to begin
KCSMMHZ
Jan 18, 2013 6:00am PST
of deflation and revitalize the economy. and he wants to reinforce ties with countries considered to be engines of growth. abe had hoped to make washington his first foreign visit. but u.s. officials couldn't find time because of president obama's inauguration. still, abe wants to visit as soon as possible. he says the alliance is the foundation of japanese security in an increasingly difficult environment. japanese and american diplomats have been struggling to agree on how to relocate a u.s. military base in okinawa. they've run into strong opposition from residents. on top of that, the americans have been pressuring the japanese to start talks on a free trade agreement. farmers and lobby groups are urging abe not to join the transpacific partnership. many wonder how abe will balance these pressures as he tries to achieve these goals. nhk world. >>> four days of anti-government protests in pakistan have come to an end. patchari raksawong joins us from bangkok with an update on the situation. patchari, good evening. >> good evening, gene. the protests may be over but the problems remain in pak
KCSMMHZ
Jan 21, 2013 2:30pm PST
. >> and an international audience watching on tv. a lot of europeans want to know which way the world's biggest economy is headed and can politicians sort things out. here is a man that thinks he can make a difference the second time around. obama then looked forward to his next and final four years in office calling an end to the politics of division and saying the united states could achieve anything if it acted as one. >> a decade of war is now ending. an economic recovery has begun. america's possibilities are limitless, for we possess all of the qualities this world without boundaries demand, youth and drive, diversity and openness. an endless capacity for risk and a gift for reinvention. my fellow americans, we are made for this moment and we will seize it so long as we seize it together. >> our washington correspondent was there. you were at the inauguration. obama had quite a big wish list. take us through it. >> well, it is not really a wish list. inaugural speeches are not the place for a wish list. but you can read between the lines. i would sum it up with two words, unity and equality. a me
KCSMMHZ
Jan 21, 2013 5:30pm PST
second term from the domestic economy and diplomacy to climate change. he talked about values and principles common to all americans. he said prosperity must rest on the shoulders of the rising middle class. >> no single person can train all the math and science teachers we'll need to equip our children for the future. or build the roads and networks and research labs that will bring new jobs and businesses to our shores. now, more than ever, we must do these things together as one nation and one people. >> obama begins his second term with several battles looming. he'll try to work with republicans in the house of representatives to revamp gun control laws and avoid defaulting on the national debt. ♪ the rockets red glare ♪ the bombs bursting in air >> pop star beyonce sang the national anthem. her performance capped off the official proceedings ahead of the inaugural parade. then the president walked the capitol route from the building to the white house. the inauguration four years ago drew almost 2 million people. this time an estimated 475,000 turned out. >>> prime mi
KCSMMHZ
Jan 15, 2013 2:00am PST
, but the economy continues to drag its feet, so they invest in houses and flats in germany's capital, berlin, where there are still objects available in top locations and for a relatively low price. high rents are now forcing berliners on low incomes to move to cheaper areas outside the city. rising rents are a problem people in paris and london have been familiar with for decades. in the british capital, you easily pay 600 and for an average flat per week. londoners traditionally spend more than 3/4 of their monthly income on rent, but there is an increasing number of people who have had to look elsewhere. >> britain, like the rest of europe, is in the grips of recession, but there are hardly any traces of it in london. real-estate prices in the city center have shot up by 30% this year, and building continues. a penthouse in london's west end can easily fetch nearly 50 million euros. buyers include russians, chinese, arabs, and those fleeing europe. those who work in london usually live about an hour and a half outside the city. for many who cannot find work, their only refuge is the streets. ar
KCSMMHZ
Jan 17, 2013 6:00am PST
the goal is to overcome the negative impact of the strong yen and deflation and to create a strong economy with growth in jobs and income. on the other hand, the council states the government needs to achieve the primary balance by reducing the deficit to half by fiscal 2015. but the draft fell short of setting a specific limit on the issuance of japanese government bonds to finance the budget, as the previous administration of the democratic party did. it only urges the government to keep bond issues to a minimum. >>> executives at struggling chipmaker renesas electronics say they need to slash their workforce even further. they're planning a 10% staff cut through a voluntary retirement program. renesas is one of the world's largest suppliers of microcontroller chips. managers told the company's labor union that they'll offer early retirement to about 3,000 employees aged 40 and older. the plan is part of restructuring efforts put in place after the company reached a deal on a rescue package with investors. the deal will allow renesas to receive about $2.3 billion from a state-backed fund
KCSMMHZ
Jan 18, 2013 2:30pm PST
for february. >> all right, some business news now, and the chinese economy has beaten expectations for the final quarter of 2012 after nearly two years of relatively tepid performance by the world's second-largest economic power. gross domestic product rose by 7.9% and 7.8% for the year as a whole. analysts say the outlook for china may be improving. chinese exports have continued to fall, but retail sales and industrial production have started to pick up. and germany's second biggest lender, commerzbank, could cut up to 6000 jobs according to a report. while there have been months of speculation over possible cuts, this latest story suggests 1910 positions in germany could go. the bank is not commenting. negotiations with employee representatives are due to begin soon. the german government holds a 25% stake in the bank. it had to be bailed out three years ago. all right, time now for a wrapup of friday's trading action. at the frankfurt stock exchange, here is our reporter. >> early in the morning, the positive growth figures coming from china went down pretty well here on the fr
KCSMMHZ
Jan 18, 2013 5:30pm PST
. china's economy is growing at a rate people in other countries can only envy. government leaders want to keep the growth going. but they may face a new obstacle, a shrinking work force. bone jentun heads the national bureau of statistics. he said ages 50 through 59 has shrunk for the first time. he said the aging population was at 3.45 million last year. that's a decrease of nearly 3.5 million from the end of 2011. he said one reason is the government's policy for only allowing one child per family. he said officials can't deny their concern. he said they need scientific ways of dealing with the population without dropping the one child policy. >>> safety investigators in japan are trying to get to the bottom of a fault that caused a boeing 787 to make an emergency landing. they are studying a flight recorder to figure out why a battery produced smoke. officials for the japan transport safety board are working with experts from the u.s. national transportation safety board and the federal aviation administration. they're studying the flight recorder to find out how the plane was behav
Search Results 0 to 14 of about 15 (some duplicates have been removed)